That is a JAUNTY folk piece for HIDEOUS bad luck (and is essentially detailing what the Windsor did every time she made for a port and there were other boaty things to knock boat parts off.)

You see why it is stuck in my head!

(I picked it up in grad school; I've still never heard anyone other than the Punters sing it, but I was rather pleased earlier this fall to discover it has a Roud number and field recordings and everything.)